Eckert Kurt M. 4
4 · MIAMI INTERNATIONAL HOLDINGS, INC. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Miami International (MIAX) Director Kurt M. Eckert Sells Shares After Exercise
What Happened
Kurt M. Eckert, a director of Miami International Holdings, exercised options to acquire 5,250 shares and sold those 5,250 shares in the open market on June 2, 2026. The exercise price was $12.00 per share (total cash paid $63,000). The shares were sold at a weighted average price of $42.76 per share for total proceeds of approximately $224,490. The filing also shows the related derivative position (the options) was converted/disposed in connection with the exercise (reported at $0).
Key Details
- Transaction date: June 2, 2026. Form filed: June 4, 2026 (timely filing).
- Exercise: 5,250 shares at $12.00 each = $63,000 (code M).
- Sale: 5,250 shares at weighted average $42.76 = $224,490 (code S). Reported trade prices ranged $41.46–$43.99; $42.76 is the weighted average.
- Derivative disposition: 5,250 option units reported disposed at $0 (conversion/settlement).
- Footnotes: Trades were effected under a Rule 10b5-1 plan adopted Dec 18, 2025; options were fully vested.
- Shares owned after transaction: not specified in the filing.
Context
This was an exercise of vested options followed by an immediate open-market sale (a cashless-style outcome). Sales under a pre-established 10b5-1 plan are planned routine dispositions and do not necessarily signal a change in the insider’s view of the company. The filing appears timely (filed two days after the transaction date).
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-02$12.00/sh+5,250$63,000→ 147,625 total - Sale
Common Stock
[F1][F2]2026-06-02$42.76/sh−5,250$224,490→ 142,375 total - Exercise/Conversion
Stock Option (Right to Buy)
[F1][F3]2026-06-02−5,250→ 6,313 totalExercise: $12.00Exp: 2027-05-31→ Common Stock (5,250 underlying)
Footnotes (3)
- [F1]This transaction was effected pursuant to a previously established Rule 10b5-1 Plan adopted by the Reporting Person on December 18, 2025.
- [F2]This transaction was executed in multiple trades throughout the day at prices ranging from $41.46 to $43.99. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
- [F3]The options are fully vested